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Kutak Rock Represents First National of Nebraska, Inc. in Acquisition of Northland Capital Holdings

News | January 10, 2023

Kutak Rock recently represented First National of Nebraska, Inc. (“FNNI”) in its acquisition of Northland Capital Holdings, including its subsidiary Northland Securities, Inc. (“Northland”). It is expected that the transaction will close during the first quarter of 2023, pending regulatory approval.

Headquartered in Omaha, FNNI is a multi-state holding company with nearly $30 billion in assets. Founded in 2002 and headquartered in Minneapolis, Minnesota, Northland is a capital markets firm with a full-service securities broker-dealer and offices across seven states.

Once the transaction is complete, Northland Securities will operate as a subsidiary of FNNI with its existing systems, products, and services. 

Partner Lisa Sarver advised FNNI on the transaction. She was assisted by partners Mike Alvano and Caitlin Gustafson and associates Brett Bruneteau, Zander Savage, and Gabbie Kim in the corporate/M&A practice group; partners Bryan Handlos and Jeff Makovicka in the banking practice group; partner John Schembari and associate Emily Dowdle in the employee benefits practice group; partner Patrick Stephenson in the intellectual property and information technology practice group; partner Brian Eades and associate Sarah Wetzel in the real estate practice group; partners Deb Froling and Victoria Buter in the financial services practice group; and partner Steve Likes in the public finance practice group.

With more than 45 attorneys, Kutak Rock’s national M&A practice group has built a solid reputation as a leader in middle-market M&A transactions. Kutak Rock’s experience includes representing buyers, sellers, and private equity groups in domestic and cross-border transactions. Kutak Rock is recognized as one of only 32 law firms trusted most for M&A by The BTI M&A Outlook 2022 report, which is based on extensive client feedback.